Miami, FL (1888PressRelease)
November 25, 2008 - Rick Bisio, franchise consultant and noted author of the book, The Educated Franchisee, recently spoke at a workshop designed to provide franchise information to young entrepreneurs who were considering owning a franchise. Rick believes that even in today’s economy, buying a franchise is a wise choice but one must be aware of the common misconception that franchise ownership guarantees success.
Rick received a huge round of applause from the attendees who were excited to hear him speak. He began, “Purchasing a franchise is safer than starting a new business from scratch. The whole point of a franchise is that you limit your risk by buying a system that is already proven; the tools for success are already in place and there is no need to spend years reinventing the wheel with product, pricing, marketing and so on.”
Rick explained that just because franchising is safer, doesn’t mean that it is completely safe. “There are no guarantees and risk is not the same for everyone,” Rick said. “The location of your business and the time you invest, your management skills and changes in the marketplace will have an impact on your business.”
Rick made a very important point that though franchising offers the opportunity to work for yourself, you are not working by yourself. “A sound franchisor will supply a proven business model that has worked for many franchisees. They will teach you how to be effective working within that model as they provide on-going training and support,” Rick explained.
By the time the workshop was over, everyone was very clear that owning a franchise is a lot of work, and it can be very rewarding. Rick concluded, “Owning a franchise requires hard work and long hours, but, eventually, if your goal is to have the freedom to take long vacations, with good management, this can be a reality. If you choose a franchise wisely, you will earn money immediately, but you will be required to invest money to get started. There is the initial franchise fee, and possibly a lease, signs, inventory, marketing and other business related expenses. It can take several months to years to see a huge profit.”
Rick Bisio of FranChoice Consulting is the author of the book, The Educated Franchisee. To learn more about how to identify a great franchise businesses and stacking the deck in your favor, go to http://www.educatedfranchisee.com or buy the book - The Educated Franchisee – on Amazon.com. Rick’s books and articles cover everything you need to know about buying a franchise, owning a franchise, franchising skills and requirements, finding the right franchise, recognizing great business opportunities, starting and building your own business and more about business franchises.
Contact:
Rick Bisio
FranChoice Consulting
(941) 778 4660 PH
(941) 778 4670 FX
(800) 708 0040 Toll Free
rbisio ( @ ) franchoice dot com
This Press Release was submitted by Right Now Marketing Group, LLC
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